SAND

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0141%/8h= −15.5% APRnext payment −$1.41 per $10,000 · paid last 24h −0.022%

Price spread now: BloFin against OKX+0.024%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$630.635% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now +0.024%, 7d avg −0.031%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.055% dearer against OKX than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.031%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours. Mind the row above: over the last 7 days funding on this pair paid +0.125%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SAND-USDT-SWAP	0.04208	−0.0279	get 0.0279% / 8h	51m 03s	$1.7M	$3.3M	50x
Short	BloFin SAND-USDT	0.04209	−0.0420	pay 0.0420% / 8h	51m 03s	$331K	$140K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BloFinbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$29.68
Price spread: +0.024% → −0.031%: $5.51
Slippage, 4 orders: −$41.46
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$87.63
Costs to cover: 0.635%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 1 min ago	1.18 bp	16.4 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	2.38 bp	15.4 bp −$15	26.7 bp −$267	82.4 bp −$8,244	doesn't fit

SAND on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid SAND	−0.1130%	1h	0.04205	−0.071%	$581K	$329K	5x	as long as short
Aster SANDUSDT	−0.0481%	8h	0.04210	+0.056%	$14K	$16K	10x	as long as short
BloFin SAND-USDTshort	−0.0420%	8h	0.04209	+0.024%	$331K	$140K	75x
Variational Omni SAND	−0.0414%	8h	0.04211	+0.077%	$115K	$4K	—	as long as short
Extended SAND-USD	−0.0400%	1h	0.04209	+0.012%	$7K	$169K	10x	as long as short
Binance SANDUSDT	−0.0399%	8h	0.04210	+0.040%	$6.8M	$13.6M	75x	as long as short
MEXC SAND_USDT	−0.0393%	8h	0.04213	+0.119%	$11.3M	$1.9M	200x	as long as short
KuCoin SANDUSDTM	−0.0343%	8h	0.04206	−0.048%	$2.6M	$386K	50x	as long as short
OKX SAND-USDT-SWAPlong	−0.0279%	8h	0.04208	long leg	$1.7M	$3.3M	50x
Bitget SANDUSDT	−0.0249%	8h	0.04207	−0.024%	$1.8M	$551K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SANDUSDT	−0.0111%	8h	0.04209	+0.024%	$3.6M	$4.0M	75x	as long as short
Gate SAND_USDT	−0.0092%	8h	0.04212	+0.095%	$488K	$686K	75x	as long as short
Kraken Futures PF_SANDUSD	−0.0087%	1h	0.04216	+0.178%	$160K	$110K	25x	as long as short
BingX SAND-USDT	−0.0073%	8h	0.04208	0.000%	—	$2.4M	—	as long as short
Injective SAND/USDC PERP	+0.0033%	1h	0.04129	−1.877%	$757	$795	5.5x	as long as short